Question

What Are The Types Of Commercial Banks?

Answer 1

Below are the types of commercial banks :

• Retail or consumer banking: It is a small to mid-sized branch that directly deals with consumer's transaction rather than corporate or other banks
• Corporate or business banking: Corporate banking deals with cash management, underwriting, financing and issuing of stocks and bonds
• Securities and Investment banking: Investment banking manages portfolios of financial assets, commodity and currency, fixed income, corporate finance, corporate advisory services for mergers and acquisitions, debt and equity writing etc.
• Non-traditional options: There are many non-bank entities that offer financial services like that of the bank. The entities include credit card companies, credit card report agencies and credit card issuers